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At the heart of the plant is a naphtha cracker with a capacity of 3 million tonnes per year, capable of producing 1 million tonnes of ethylene and 520,000 tonnes of propylene annually.
2 hours agoThe program includes the construction of 10 patrol vessels, the development of integrated maritime systems and regional monitoring centers, as well as the procurement of drones for aerial surveillance.
6 hours agoSeptember's liquidity injection led to state-owned banks cutting their deposit rates by around 50 basis points (bps) and lending rates by around 11 bps, according to the Finance Ministry, which expects this to translate into stronger growth this quarter.
10 hours agoAsian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.
12 hours agoAgriculture Minister Andi Amran Sulaiman estimated that the free nutritious meal program would require an additional 700,000 tonnes of eggs and 1.1 million tonnes of chicken meat to meet demand.
1 day agoThe Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence chips, two sources familiar with the matter told Reuters.
1 day agoJunkichi Yoshida, the newly appointed global president, representative director and CEO of Seiko Epson Corporation (SEC), has revealed plans to expand the company’s business across emerging markets in Southeast Asia, identifying Indonesia as a key contributor to Epson’s global growth.
1 day agoThe company also confirmed that the restructuring was permanent, with no conversion to contract-based positions or relocation to other units.
1 day agoOn a day when Facebook-parent Meta's share price plunged on the heels of disappointing quarterly earnings, demand for its bonds was reportedly four times greater than supply in a market keen to hold the social networking titan's debt.
3 days agoThe e-commerce colossus known for its promise of quick deliveries showed off robotic arms and other high-tech warehouse tools in Silicon Valley, saying AI is not only powering innovations but accelerating how quickly they are developed by the second largest employer in the United States.
2 weeks agoThe Dutch government has invoked a Cold war-era law to effectively seize control of Nexperia, a Chinese-owned chipmaker based in the Netherlands.
3 weeks agoIndonesia can learn from the experiences of its regional peers in coming up with a localized strategy to achieve its targeted tax ratio of 15 percent by 2029.
2 days agoThe first glimmers toward ending a near-record long federal government shutdown were seen in the US Capitol on Monday, as leading Senate Republicans and Democrats talked of a possible "off-ramp" to the disruption.
2 days agoThe Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence chips, two sources familiar with the matter told Reuters.
1 day agoJunkichi Yoshida, the newly appointed global president, representative director and CEO of Seiko Epson Corporation (SEC), has revealed plans to expand the company’s business across emerging markets in Southeast Asia, identifying Indonesia as a key contributor to Epson’s global growth.
1 day agoNorway's sovereign wealth fund, the world's largest, said on Tuesday it would vote against ratifying Tesla CEO Elon Musk's proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.
2 days agoAsian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.
12 hours agoTech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs.
1 day agoThe eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.
3 days agoThe US dollar drifted up from a one-week low versus major peers on Wednesday ahead of a widely expected interest rate cut by the Federal Reserve later in the day.
1 week agoMarkets rallied after US Treasury Secretary Scott Bessent said the threat of the US president imposing an additional 100 percent tariff on Chinese goods was "effectively off the table".
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